Iltani Resources Hits High-Grade Silver-Indium Zones in Drilling at Orient Project

Iltani Resources (ASX: ILT) has intersected broad high-grade silver-indium mineralisation in drilling at its Orient project in north Queensland.

The company reported strong assays from 37 holes of a 110-hole infill drilling campaign at the Orient West and Orient East targets designed to increase the grade, tonnage and confidence in the current Orient resource inventory.

That inventory currently sits at 62.5 million tonnes grading 81.5 grams per tonne silver equivalent (AgEq) at a 30g/t cut-off.

Located approximately 120 kilometres south-west of Cairns in northern Queensland, Orient is part of Iltani’s larger Herberton project, where it holds approximately 370 sq km of tenements in the Herberton mineral field mainly west of the historical mining town that shares its name.

Rich Sulphide Veins

Broad zones of mineralisation and high-grade silver-indium rich massive sulphide veins delivered peak results of 1 metre at 207g/t silver, 626g/t indium, 1.6% lead, and 11.1% zinc, as well as 1m at 279g/t silver, 523g/t indium, 4.2% lead, and 9.4% zinc.

Other notable assays were 42m at 52g/t silver, 19g/t indium, 1% lead, and 1% zinc from 26m including 11m at 130g/t silver, 49g/t indium, 2.2% lead, and 1.7% zinc plus 2m at 285g/t silver, 64g/t indium, 4.6% lead, and 1.9% zinc from 54m, and 14m at 36g/t silver, 87g/t indium, 0.6% lead, and 1.7% zinc from 124m including 4m at 91g/t silver, 280g/t indium, 1.1% lead and 5.1% zinc from 133m.

Multiple intercepts of shallow mineralisation demonstrated excellent continuity with the shallow mineralisation ipreviously identified, while the deeper silver-indium rich zones correlate well with a prior zone of exceptionally high-grade indium mineralisation.

Iltani is submitting samples to the assay lab on a regular basis, and the company plans further drilling at Orient pending the results from extension drilling and testing of other targets.

‘Largest-Known Deposit’

Managing director Donald Garner said the initial assays from Orient West and Orient East had reflected the project’s potential.

“The results continue to demonstrate that Orient is Australia’s largest known silver-indium deposit and could become one of the largest producers of silver and indium rich concentrates globally,” he said.

“With samples being submitted to the assay lab every two to three days, and about two more months of drilling to complete, we expect to have results flowing through the coming months as we work to fill the gap between Orient West and Orient East, extend mineralisation along strike, and improve grades and confidence.”

Mr Garner said infill drilling would be followed by further holes to test the Link Zone (between Orient West and Orient East), Vein 1 and Orient North, as well as VTEM (versatile time-domain electromagnetics) targets in the south-western part of Orient West.